Acadia Healthcare Company Inc (ACHC)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 222.31 | 326.55 | 300.28 | 279.48 | 269.69 | 228.08 | 294.23 | 293.65 | 293.62 | 297.93 | 287.89 | 286.98 | 278.84 | 304.08 | 313.56 | 347.00 | 357.77 | 367.61 | 392.53 | 379.56 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | 73.36 | 30.98 | 23.29 | — | — | 18.99 | 16.90 | 22.16 | 20.96 | 32.07 | 19.94 | 25.67 | 13.81 | 16.67 | 22.82 | 2.39 | 20.29 | 36.98 | — |
Acadia Healthcare Company Inc's inventory turnover ratio has exhibited some fluctuations over the past few years. Starting at a high of 392.53 in June 2020, it dropped to 228.08 in September 2023 before recovering and reaching 326.55 in September 2024. This indicates the number of times inventory is sold and replaced within a specific period, with higher values generally suggesting efficient inventory management.
On the other hand, the receivables turnover and payables turnover ratios are not available for analysis in the provided data. These ratios are crucial for assessing the efficiency of collecting receivables and managing payables, respectively.
The working capital turnover ratio, which reflects how efficiently working capital is utilized to generate sales, shows varying values for Acadia Healthcare. Notably, the ratio fluctuated between positive and negative values over the years, indicating changing levels of working capital efficiency.
In conclusion, while Acadia Healthcare's inventory turnover ratio demonstrates fluctuations, the absence of data for receivables and payables turnover ratios limits a comprehensive assessment of the company's overall activity efficiency. The working capital turnover ratios suggest varying degrees of efficiency in utilizing working capital to generate revenue during the analyzed periods. Further data and context would be necessary to provide a more detailed and insightful analysis of the company's activity ratios.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 1.64 | 1.12 | 1.22 | 1.31 | 1.35 | 1.60 | 1.24 | 1.24 | 1.24 | 1.23 | 1.27 | 1.27 | 1.31 | 1.20 | 1.16 | 1.05 | 1.02 | 0.99 | 0.93 | 0.96 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Acadia Healthcare Company Inc, let's analyze the activity ratios:
1. Days of Inventory on Hand (DOH):
- The trend of DOH shows an increasing pattern from 0.96 days as of March 31, 2020, to 1.64 days as of December 31, 2024, with minor fluctuations in between.
- The gradual increase in DOH may indicate that Acadia Healthcare has been holding more inventory on hand relative to its sales volume over the period.
2. Days of Sales Outstanding (DSO):
- The data for DSO is not available for any of the periods provided. This might suggest that Acadia Healthcare does not extend credit terms or that its accounts receivable turnover is very high, resulting in quick collection of sales proceeds.
3. Number of Days of Payables:
- Similar to DSO, the information on the number of days of payables is also not available for any of the periods.
- The absence of data on payables days makes it challenging to evaluate Acadia Healthcare's efficiency in paying its suppliers or managing its trade payables.
Overall, the analysis of activity ratios indicates that while Acadia Healthcare has been increasing its inventory levels relative to its sales, further insight into its accounts receivable and payable management is required to fully assess its operational efficiency and working capital management.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | — | 1.35 | 1.25 | 1.24 | 1.23 | 1.33 | 1.21 | 1.28 | 1.43 | 1.62 | 1.79 | 0.97 | 0.98 | 0.99 |
| Total asset turnover | 0.53 | 0.53 | 0.54 | 0.54 | 0.55 | 0.54 | 0.54 | 0.53 | 0.52 | 0.51 | 0.50 | 0.49 | 0.49 | 0.49 | 0.55 | 0.59 | 0.45 | 0.44 | 0.45 | 0.47 |
The fixed asset turnover ratio measures the efficiency of a company in utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates better utilization of fixed assets to generate sales.
Analyzing the fixed asset turnover ratios of Acadia Healthcare Company Inc over the years, we observe a fluctuating trend. The ratio declined from 0.99 in March 2020 to a low of 0.97 in September 2020 but showed significant improvement to 1.79 by December 2020. This improvement continued into 2021 with ratios above 1.0, indicating better efficiency in generating revenue from fixed assets.
However, from March 2022 onwards, the fixed asset turnover ratio started declining gradually, reaching 1.23 by June 2022 and stabilizing around 1.2-1.3 levels until the end of 2022. No data is available beyond December 2022.
Moving on to the total asset turnover ratio, which measures how effectively the company is using its total assets to generate revenue, we see a similar trend of fluctuations. The ratio increased from 0.47 in March 2020 to a peak of 0.59 in March 2021 before stabilizing around 0.49-0.52 levels from September 2021 to December 2022.
Overall, the fixed asset turnover ratio showed improvement initially but then declined gradually, while the total asset turnover ratio exhibited fluctuations but remained relatively stable. It is important for Acadia Healthcare Company Inc to continuously evaluate and improve its asset utilization efficiency to support sustainable revenue growth.